Airbnb provides Host Protection Insurance that covers Airbnb hosts and landlords throughout the world. It largely focuses on securing the host and/or landlord against liability when insurance claims are brought by third parties, such as a neighbor as well as including guests that stay at the property. Protection runs up to $1 million USD per occurrence in the event of building damage or injury.
Included in the insurance policy are common areas like lobbies or lifts. Airbnb insurance is primary liability insurance that safeguards the host, property owner or homeowners association from suits brought by a guest to cover things like damage to the property or an injury suffered throughout their vacation in the house. There are numerous points, however, which are not covered by Airbnb insurance.
The Airbnb Host Protection plan is just for liability as stated above. It does not include points such as building damage that is willful, instead of accidental. Nor does it cover residential property damages such as mold and mildew or pollution. And it likewise does not cover loss of income. So visualize if a flood or fire happens throughout a visitor's visit and you are unable to rent the room till mitigation is finished. Not having protection to compensate you for both damages to the home or loss of earnings can be devastating to your revenue.